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Month: August 2023

Piedmont Lithium Announces Fall Conference Participation

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Belmont, North Carolina, August 31, 2023 – Piedmont Lithium Inc. (“Piedmont” or the “Company”) (Nasdaq: PLL; ASX: PLL), a leading global producer of lithium resources critical to the U.S. electric vehicle supply chain, today announced executive and senior leadership participation in the following industry conferences this fall:

  • Jefferies 2023 Industrials Conference – New York City, New York, September 7
  • DA Davidson 22nd Annual Diversified Industrials & Services Conference – Nashville, Tennessee, September 21-22
  • Citi Global Resources Conference – virtual, October 10-11
  • ThinkEquity Conference – New York City, New York, October 19
  • National Safety Council Safety Congress & Expo – New Orleans, Louisiana, October 23
  • Benchmark Week 2023 – Los Angeles, California, November 14-16
  • Goldman Sachs Conference – New York City, New York, November 15-16
  • Swiss Mining Institute Conference – Zurich, Switzerland, November 29-30
  • Deutsche Bank 8th Annual Lithium and Battery Supply Chain Conference – virtual, December 6

“As we plan for our inaugural shipment of lithium concentrate from our North American Lithium offtake, we are pleased to share our progress across our entire portfolio of projects with the industry and investors,” said Keith Phillips, Piedmont President and Chief Executive Officer. “Our cash position is strong as production continues to ramp up in Quebec for additional 2023 shipments and we prepare to support further development of our lithium projects in Ghana, Tennessee, and North Carolina.”

About Piedmont Lithium

Piedmont Lithium Inc. (Nasdaq: PLL; ASX: PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest. Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Quebec with Sayona Mining (ASX: SYA) and in Ghana with Atlantic Lithium (AIM: ALL; ASX: A11). These geographically diversified operations will enable us to play a pivotal role in supporting America’s move toward energy independence and the electrification of transportation and energy storage. For more information, follow us on Twitter @PiedmontLithium and visit www.piedmontlithium.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of or as described in securities legislation in the United States and Australia, including statements regarding exploration, development construction and production activities of Sayona Mining, Atlantic Lithium and Piedmont; current plans for Piedmont’s mineral and chemical processing projects; Piedmont’s potential acquisition of an ownership interest in Ewoyaa; and strategy. Such forward-looking statements involve substantial and known and unknown risks, uncertainties, and other risk factors, many of which are beyond our control, and which may cause actual timing of events, results, performance or achievements and other factors to be materially different from the future timing of events, results, performance, or achievements expressed or implied by the forward-looking statements. Such risk factors include, among others: (i) that Piedmont, Sayona Mining or Atlantic Lithium may be unable to commercially extract mineral deposits, (ii) that Piedmont’s, Sayona Mining’s or Atlantic Lithium’s properties may not contain expected reserves, (iii) risks and hazards inherent in the mining business (including risks inherent in exploring, developing, constructing and operating mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), (iv) uncertainty about Piedmont’s ability to obtain required capital to execute its business plan, (v) Piedmont’s ability to hire and retain required personnel, (vi) changes in the market prices of lithium and lithium products, (vii) changes in technology or the development of substitute products, (viii) the uncertainties inherent in exploratory, developmental and production activities, including risks relating to permitting, zoning and regulatory delays related to our projects as well as the projects of our partners in Quebec and Ghana, (ix) uncertainties inherent in the estimation of lithium resources, (x) risks related to competition, (xi) risks related to the information, data and projections related to Sayona Mining or Atlantic Lithium, (xii) occurrences and outcomes of claims, litigation and regulatory actions, investigations and proceedings, (xiii) risks regarding our ability to achieve profitability, enter into and deliver product under supply agreements on favorable terms, our ability to obtain sufficient financing to develop and construct our projects, our ability to comply with governmental regulations and our ability to obtain necessary permits, and (xiv) other uncertainties and risk factors set out in filings made from time to time with the U.S. Securities and Exchange Commission (“SEC”) and the Australian Securities Exchange, including Piedmont’s most recent filings with the SEC. The forward-looking statements, projections and estimates are given only as of the date of this press release and actual events, results, performance and achievements could vary significantly from the forward-looking statements, projections and estimates presented in this press release. Readers are cautioned not to put undue reliance on forward-looking statements. Piedmont disclaims any intent or obligation to update publicly such forward-looking statements, projections, and estimates, whether as a result of new information, future events or otherwise. Additionally, Piedmont, except as required by applicable law, undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Piedmont, its financial or operating results or its securities.

Piedmont Lithium Receives Partial Prepayment For Inaugural Shipment Under NAL Offtake Agreement

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  • Partial prepayment of $31.6 million for September shipment of 15,000 dry metric tons of lithium concentrate
  • NAL ramp up progressing well and meeting Piedmont’s production expectations for 2023
  • Piedmont’s 2023 shipments under NAL offtake expected to total 56,500 dry metric tons

BELMONT, North Carolina, August 29, 2023 – Piedmont Lithium (“Piedmont” or the “Company”) (Nasdaq: PLL; ASX: PLL), a leading global supplier of lithium resources critical to the U.S. electric vehicle supply chain, today announced receipt of a $31.6 million partial prepayment for the sale of 15,000 dry metric tons (“dmt”) of 5.4% Li2O lithium concentrate on an FOB vessel basis (Incoterms 2020) to a major international trading company (“Buyer”). Vessel loading is scheduled for mid-September. The prepayment increased Piedmont’s cash position to approximately $100 million, reinforcing Piedmont’s strong balance sheet.

North American Lithium (“NAL”) commenced commercial production in March 2023 and delivered its first joint venture shipment of 20,500 dmt to a third-party in early August. Production ramp up continues to progress well, and Piedmont expects to receive, at a minimum, its full 2023 offtake allocation of 56,500 dmt of lithium concentrate (“PLL Shipments”), with the balance to be sold by the joint venture (“JV Shipments”).

“This is a significant day for Piedmont Lithium as we announce the first shipment of lithium concentrate under our offtake agreement with NAL and the receipt of a prepayment, which significantly increases our cash position,” said Keith Phillips, President and CEO of Piedmont. “We look forward to the additional Piedmont Shipments and JV Shipments planned for 2023, and we expect sales from Piedmont Shipments to help fund our strategic initiatives while reducing our need to raise equity in the market.

“Additionally, we acknowledge the board level changes of our partner, Sayona Mining. We would like to thank Brett Lynch for his vision, which enabled Piedmont and Sayona Mining to successfully acquire and restart the NAL operations, and we look forward to continued success as we welcome James Brown as the interim CEO of Sayona Mining.”

About Piedmont Lithium

Piedmont Lithium Inc. (Nasdaq: PLL; ASX: PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest. Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Quebec with Sayona Mining (ASX: SYA) and in Ghana with Atlantic Lithium (AIM: ALL; ASX: A11). These geographically diversified operations will enable us to play a pivotal role in supporting America’s move toward energy independence and the electrification of transportation and energy storage. For more information, follow us on Twitter @PiedmontLithium and visit www.piedmontlithium.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of or as described in securities legislation in the United States and Australia, including statements regarding exploration, development construction and production activities of Sayona Mining, Atlantic Lithium and Piedmont; current plans for Piedmont’s mineral and chemical processing projects; Piedmont’s potential acquisition of an ownership interest in Ewoyaa; and strategy. Such forward-looking statements involve substantial and known and unknown risks, uncertainties, and other risk factors, many of which are beyond our control, and which may cause actual timing of events, results, performance or achievements and other factors to be materially different from the future timing of events, results, performance, or achievements expressed or implied by the forward-looking statements. Such risk factors include, among others: (i) that Piedmont, Sayona Mining or Atlantic Lithium may be unable to commercially extract mineral deposits, (ii) that Piedmont’s, Sayona Mining’s or Atlantic Lithium’s properties may not contain expected reserves, (iii) risks and hazards inherent in the mining business (including risks inherent in exploring, developing, constructing and operating mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), (iv) uncertainty about Piedmont’s ability to obtain required capital to execute its business plan, (v) Piedmont’s ability to hire and retain required personnel, (vi) changes in the market prices of lithium and lithium products, (vii) changes in technology or the development of substitute products, (viii) the uncertainties inherent in exploratory, developmental and production activities, including risks relating to permitting, zoning and regulatory delays related to our projects as well as the projects of our partners in Quebec and Ghana, (ix) uncertainties inherent in the estimation of lithium resources, (x) risks related to competition, (xi) risks related to the information, data and projections related to Sayona Mining or Atlantic Lithium, (xii) occurrences and outcomes of claims, litigation and regulatory actions, investigations and proceedings, (xiii) risks regarding our ability to achieve profitability, enter into and deliver product under supply agreements on favorable terms, our ability to obtain sufficient financing to develop and construct our projects, our ability to comply with governmental regulations and our ability to obtain necessary permits, and (xiv) other uncertainties and risk factors set out in filings made from time to time with the U.S. Securities and Exchange Commission (“SEC”) and the Australian Securities Exchange, including Piedmont’s most recent filings with the SEC. The forward-looking statements, projections and estimates are given only as of the date of this press release and actual events, results, performance and achievements could vary significantly from the forward-looking statements, projections and estimates presented in this press release. Readers are cautioned not to put undue reliance on forward-looking statements. Piedmont disclaims any intent or obligation to update publicly such forward-looking statements, projections, and estimates, whether as a result of new information, future events or otherwise. Additionally, Piedmont, except as required by applicable law, undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Piedmont, its financial or operating results or its securities.

Piedmont Lithium Plans Development Funding for Ewoyaa

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Company exercises option to acquire 22.5% stake in Atlantic Lithium’s flagship project

  • Piedmont making staged investments to earn 50% of Atlantic Lithium’s Ghanaian portfolio
  • Support for Ewoyaa Lithium Project reflects Piedmont’s confidence in development of Ghana assets
  • Ewoyaa development furthers Piedmont’s strategy to secure feedstock for planned Tennessee conversion plant

BELMONT, North Carolina, August 17, 2023 – Piedmont Lithium (“Piedmont” or the “Company”) (Nasdaq: PLL; ASX: PLL), a leading global producer of lithium resources critical to the U.S. electric vehicle supply chain, today announced the Company will increase its stake in Atlantic Lithium Limited’s (“Atlantic Lithium”) (AIM: ALL, ASX: A11) Ewoyaa Lithium Project (“Ewoyaa” or the “Project”) as part of a staged investment agreement to earn a 50% equity interest in Atlantic Lithium’s Ghanaian lithium portfolio.

Under the terms of the project agreement with Atlantic Lithium, Piedmont has exercised its option to acquire a 22.5% interest in Ewoyaa, having funded the completion of the Project’s definitive feasibility study (“DFS”). Piedmont also plans to provide a further $70 million toward Ewoyaa development capital to acquire an additional 27.5% interest in the Project. Piedmont expects to share the remaining Project capital costs equally with Atlantic Lithium for a total Piedmont commitment of approximately $128 million toward the total estimated $185 million Project capital costs.

The Company’s additional funding remains subject to the receipt of final government and regulatory approvals for the Project. Piedmont expects to be able to fund its contributions toward Project development through proceeds from the sale of lithium concentrate from its offtake agreement with North American Lithium.

The Company is entitled to purchase 50% of lithium concentrate production at Ewoyaa on a market-based pricing mechanism for the life of the mine. This offtake is being planned as feedstock for the Company’s proposed, 30,000-metric-ton-per-year lithium hydroxide conversion facility in Tennessee.

Piedmont President and CEO Keith Phillips said the funding to support Ewoyaa furthers the Company’s strategy to supply crucial lithium resources to U.S. electric vehicle and battery manufacturers. “We are pleased to help advance the progression of Ewoyaa as a key part of Piedmont Lithium’s global portfolio and the expected feedstock for our planned lithium hydroxide conversion facility in Tennessee,” said Phillips. “Our partners at Atlantic Lithium have made tremendous progress with positive Project economics recently published in a definitive feasibility study and minerals lease discussions that are progressing with Ghana’s Minerals Commission. We look forward to continuing our work with Atlantic Lithium to support the Project toward first production, currently targeted for 2025.”

About Piedmont Lithium

Piedmont Lithium (Nasdaq: PLL; ASX: PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest. Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Quebec with Sayona Mining (ASX: SYA) and in Ghana with Atlantic Lithium (AIM: ALL; ASX: A11). These geographically diversified operations will enable us to play a pivotal role in supporting America’s move toward energy independence and the electrification of transportation and energy storage. For more information, follow us on Twitter @PiedmontLithium and visit www.piedmontlithium.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of or as described in securities legislation in the United States and Australia, including statements regarding exploration, development construction and production activities of Sayona Mining, Atlantic Lithium and Piedmont; current plans for Piedmont’s mineral and chemical processing projects; Piedmont’s potential acquisition of an ownership interest in Ewoyaa; and strategy. Such forward-looking statements involve substantial and known and unknown risks, uncertainties, and other risk factors, many of which are beyond our control, and which may cause actual timing of events, results, performance or achievements and other factors to be materially different from the future timing of events, results, performance, or achievements expressed or implied by the forward-looking statements. Such risk factors include, among others: (i) that Piedmont, Sayona Mining or Atlantic Lithium may be unable to commercially extract mineral deposits, (ii) that Piedmont’s, Sayona Mining’s or Atlantic Lithium’s properties may not contain expected reserves, (iii) risks and hazards inherent in the mining business (including risks inherent in exploring, developing, constructing and operating mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), (iv) uncertainty about Piedmont’s ability to obtain required capital to execute its business plan, (v) Piedmont’s ability to hire and retain required personnel, (vi) changes in the market prices of lithium and lithium products, (vii) changes in technology or the development of substitute products, (viii) the uncertainties inherent in exploratory, developmental and production activities, including risks relating to permitting, zoning and regulatory delays related to our projects as well as the projects of our partners in Quebec and Ghana, (ix) uncertainties inherent in the estimation of lithium resources, (x) risks related to competition, (xi) risks related to the information, data and projections related to Sayona Mining or Atlantic Lithium, (xii) occurrences and outcomes of claims, litigation and regulatory actions, investigations and proceedings, (xiii) risks regarding our ability to achieve profitability, enter into and deliver product under supply agreements on favorable terms, our ability to obtain sufficient financing to develop and construct our projects, our ability to comply with governmental regulations and our ability to obtain necessary permits, and (xiv) other uncertainties and risk factors set out in filings made from time to time with the U.S. Securities and Exchange Commission (“SEC”) and the Australian Securities Exchange, including Piedmont’s most recent filings with the SEC. The forward-looking statements, projections and estimates are given only as of the date of this press release and actual events, results, performance and achievements could vary significantly from the forward-looking statements, projections and estimates presented in this press release. Readers are cautioned not to put undue reliance on forward-looking statements. Piedmont disclaims any intent or obligation to update publicly such forward-looking statements, projections, and estimates, whether as a result of new information, future events or otherwise. Additionally, Piedmont, except as required by applicable law, undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Piedmont, its financial or operating results or its securities.

Advanced Forex Account Types: ECN and STP Accounts Demystified

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An NDD broker basically plays the role of a bridge between its customers and the other liquidity providers. There are two main categories of brokers on the Forex market and the first one comprises the so-called Dealing Desk (DD) brokers, also known as market makers. As the name implies, such brokerage companies “make the markets” by determining the bid/ask spreads via their dealing desks. Customers’ orders are never quoted on the exact market prices because of the built-in spread that ensures a profit for the DD brokers.

When Choosing Between STP and ECN

ECN trading is known for its tighter spreads, faster execution speeds, and greater depth in market pricing. Traders benefit from the ability to access real-time market quotes and trade at the best available prices. This transparency and enhanced execution speed can significantly improve trading outcomes. An Electronic Communication Network (ECN) facilitates the connection between liquidity providers, such as banks, and forex traders through a sophisticated electronic communication network. This system allows for direct access to the market and ensures transparency and fair pricing. In conclusion, ECN accounts emerge as the pinnacle of transparency in the forex trading landscape.

It is not meant as direct advice or a prompt to undertake any specific action, including investments or purchases. Before making financial decisions, we urge you to conduct thorough research, exercise personal judgment, and consult with professionals. Information on this website might not be in real-time or entirely accurate, with prices potentially sourced from market participants rather than exchanges. Any financial decisions you make are your sole responsibility, and reliance on any site information is at your own risk. PipPenguin makes no guarantees regarding the website’s information accuracy and will not be liable for any trading losses or other losses incurred from using this site.

However, unlike ECN accounts, STP accounts may have a small markup on the spreads to cover the broker’s costs. This markup is generally minimal and still provides traders with competitive spreads. This means that brokers do not act as market makers, and there is no conflict of interest between the broker and the trader. Brokers earn their income through a commission on each trade, ensuring that their profits are aligned with the success of their clients. The content on this site encompasses general news, our analyses, opinions, and material from third-party sources, all designed for educational and research aims.

In conclusion, an ECN account in forex trading provides traders with direct access to the market and offers several advantages. Traders can enjoy the transparency and fair pricing of ECN brokers, as they have real-time access to market quotes and can trade at the best available prices. The tight spreads offered by ECN accounts contribute to cost-efficiency, allowing traders to enjoy better trading conditions.

Understanding the differences between ECN and STP can help you make an informed decision that aligns with your trading goals. Overall, when it comes to choosing between ECN and STP, there are several factors to consider. Let’s talk about the potential downsides of Straight Through Processing (STP) trading. With http://lord-stroy.ru/newdir_6.htm STP trading, we can access not only the popular currency pairs but also commodities, indices, and even cryptocurrencies. With DMA, you have a direct line to the market, bypassing any intermediaries or middlemen. Next up, let’s explore the pros and cons of STP trading to see if it suits your trading style.

When Choosing Between STP and ECN

For example, while STP brokers might offer lower costs, their lackluster liquidity pools might offset the negative impact of decreased trading commissions. Thus, the correct approach is to weigh the positives and negatives of each offering and consider if the corresponding liquidity pools are deep enough for specific trading needs. However, it is also essential to understand that pricing preferences might change over time for certain traders and their respective trading needs. For example, traders with recently increased transaction volumes and sizes might encounter unreasonable commission fees with certain broker partners. In this case, it is best to re-enter the broker market and search for more favorable pricing packages.

When Choosing Between STP and ECN

If you are interested in the currency trade, this article will guide you to know the main difference between an ECN and a STP account. However, it is all about the situation while the https://www.bewcastle.com/war-memorial/ forex market is growing fast. When the options are many, let’s look at the among popular broker that is Electronic Communication Network (ECN) and Straight Through Processing (STP).

You’ll have opportunities to develop new solutions and products that matter and help people. Focusing on one or two key groups – and aiming to dominate that market segment – keeps your marketing sharp and effective. Also, by applying appropriate resources to priority customer segments, you’ll probably see a higher return on investment. There are a number of reasons why the STP model is useful for marketers and brands as a whole.

Unlike traditional brokers, ECN brokers do not trade against their clients and charge a fixed commission per transaction. This ensures transparency in the trading process and eliminates any conflict of interest between the broker https://le-grand-bunker-musee.com/gtai.html and the trader. In general, ECN firms have a distinct advantage over STP when it comes to providing ample liquidity sources. However, the liquidity capabilities of both broker types must be weighed against their respective values.

  • The most well-known electronic communication networks to date include the prototype Instinet (launched in the late 1960s), NYSE Arca, and SelectNet.
  • As long as there are enough transactions, brokers can profit from a slight increase in spreads or charging a commission.
  • On the other hand, if you prefer to execute fewer trades but with larger volumes, the slightly higher spread of an STP account may be more suitable.
  • Both types of brokers have their own merits, so it’s essential to evaluate your trading needs and choose the one that aligns with your goals.

STP brokers eliminate requotes by directly passing on orders to liquidity providers. ECN accounts match and execute orders without placing premiums on the raw spread, while STP accounts route orders directly to liquidity providers. Additionally, ECN accounts often charge fixed commissions per transaction, whereas STP accounts may have variable spreads.

When Choosing Between STP and ECN

Imagine being in a live auction where bids and asks are matched seamlessly, ensuring traders get the best available prices at that precise moment. This automation not only enhances transparency but also contributes to the overall speed and responsiveness of the trading process. While the structural and processing needs are important for traders, the budgets might often dictate the decision to choose a broker. In this case, an ECN broker is the most expensive option, as it charges substantial commission fees for processed transactions. However, they generally operate solely on commission fees, while STP brokers also take a share of spreads alongside transaction charges.

Please read our legal documents and ensure you fully understand the risks before you make any trading decisions. When choosing between ECN and STP platforms, consider factors such as your trading style, capital, and preferences. STP platforms are often more suitable for retail traders with lower capital as they usually have lower minimum deposit requirements compared to ECN platforms.

One of the main advantages of trading with an ECN broker is that it offers tighter spreads. Spreads are the difference between the bid and ask price of a currency pair, and they represent the cost of trading. ECN brokers usually offer raw spreads, which means that they pass on the prices from liquidity providers without any markup. Lastly, ECN accounts tend to be more suitable for experienced traders who are comfortable with the complexities of the interbank market. The depth of market visibility and variable spreads may require a deeper understanding of market dynamics. STP accounts, on the other hand, provide a simpler trading environment while still offering direct market access.

Piedmont Lithium Announces First Commercial Shipments from North American Lithium

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Q3 customer deliveries to generate 2023 revenue and cash flow for Piedmont Lithium

  • Inaugural shipment of 20,500 metric tons of spodumene concentrate by North American Lithium departed the Port of Quebec City on August 1, 2023
  • Piedmont expects to ship approximately 56,500 metric tons in H2 2023 under its joint venture offtake agreement, including the first tons under the long-term supply agreement with LG Chem

BELMONT, North Carolina, August 2, 2023 – Piedmont Lithium (“Piedmont” or the “Company,”) (Nasdaq: PLL; ASX: PLL), announced today the first commercial shipment of spodumene concentrate (“SC”) produced by North American Lithium (“NAL”), which is wholly owned by Sayona Quebec, a joint venture (the “JV”) between Piedmont (25%) and Sayona Mining (ASX: SYA) (75%). NAL made the initial 20,500 metric ton shipment of spodumene concentrate via a trading company to international parties.

Piedmont owns a 12% equity interest in Sayona Mining and holds an offtake agreement (the “Offtake Agreement”) with the JV to purchase the greater of 113,000 metric tons per year or 50% of SC production at a ceiling price of $900 per metric ton (SC-6.0%) on a life-of-mine basis. As 2023 is the start-up year for NAL, the parties have agreed that Piedmont’s allocation this year will be the greater of 56,500 metric tons or 50% of 2023 SC production. Sales by the JV to its customers are expected to support JV operating expenses, while sales under the Piedmont Offtake Agreement are planned to fund the Company’s broader strategic initiatives, including development of our projects in Tennessee, Ghana, and North Carolina.

Following this initial JV shipment, the parties have agreed that the next two shipments will be to Piedmont customers via the Offtake Agreement. Piedmont expects to deliver 15,000 metric tons to a major international trading company in August 2023; these tons are already produced and stocked at the port. A further 15,000 metric tons are planned for shipment in September-October to LG Chem as the initial component of the four-year, 200,000-metric-ton agreement announced in February 2023.

Keith Phillips, President and CEO of Piedmont, said the first set of shipments marks a pivotal period for the Company as it continues to transition from a developer to a lithium producer. “For the last seven years, Piedmont Lithium has focused on developing a supply of crucial lithium resources, and we are excited to begin generating revenue and cash flow as we see our plans come to fruition,” said Phillips. “Our products will help our customers meet the requirements of the Inflation Reduction Act and, in turn, the growing demands of the U.S. electric vehicle and battery supply chains.”

(Photos below)

A large ship in the water Description automatically generated

Figure 1: AAL Moon preparing to load the first spodumene concentrate from NAL

Figure 2: First NAL spodumene concentrate being loaded onto AAL Moon


 About Piedmont Lithium

Piedmont Lithium (Nasdaq: PLL; ASX: PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest. Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Quebec with Sayona Mining (ASX: SYA) and in Ghana with Atlantic Lithium (AIM: ALL; ASX: A11). These geographically diversified operations will enable us to play a pivotal role in supporting America’s move toward energy independence and the electrification of transportation and energy storage. For more information, follow us on Twitter @PiedmontLithium and visit www.piedmontlithium.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of or as described in securities legislation in the United States and Australia, including statements regarding exploration, development construction and production activities of Sayona Mining, Atlantic Lithium and Piedmont; current plans for Piedmont’s mineral and chemical processing projects; Piedmont’s potential acquisition of an ownership interest in Ewoyaa; and strategy. Such forward-looking statements involve substantial and known and unknown risks, uncertainties, and other risk factors, many of which are beyond our control, and which may cause actual timing of events, results, performance or achievements and other factors to be materially different from the future timing of events, results, performance, or achievements expressed or implied by the forward-looking statements. Such risk factors include, among others: (i) that Piedmont, Sayona Mining or Atlantic Lithium may be unable to commercially extract mineral deposits, (ii) that Piedmont’s, Sayona Mining’s or Atlantic Lithium’s properties may not contain expected reserves, (iii) risks and hazards inherent in the mining business (including risks inherent in exploring, developing, constructing and operating mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), (iv) uncertainty about Piedmont’s ability to obtain required capital to execute its business plan, (v) Piedmont’s ability to hire and retain required personnel, (vi) changes in the market prices of lithium and lithium products, (vii) changes in technology or the development of substitute products, (viii) the uncertainties inherent in exploratory, developmental and production activities, including risks relating to permitting, zoning and regulatory delays related to our projects as well as the projects of our partners in Quebec and Ghana, (ix) uncertainties inherent in the estimation of lithium resources, (x) risks related to competition, (xi) risks related to the information, data and projections related to Sayona Mining or Atlantic Lithium, (xii) occurrences and outcomes of claims, litigation and regulatory actions, investigations and proceedings, (xiii) risks regarding our ability to achieve profitability, enter into and deliver product under supply agreements on favorable terms, our ability to obtain sufficient financing to develop and construct our projects, our ability to comply with governmental regulations and our ability to obtain necessary permits, and (xiv) other uncertainties and risk factors set out in filings made from time to time with the U.S. Securities and Exchange Commission (“SEC”) and the Australian Securities Exchange, including Piedmont’s most recent filings with the SEC. The forward-looking statements, projections and estimates are given only as of the date of this press release and actual events, results, performance and achievements could vary significantly from the forward-looking statements, projections and estimates presented in this press release. Readers are cautioned not to put undue reliance on forward-looking statements. Piedmont disclaims any intent or obligation to update publicly such forward-looking statements, projections, and estimates, whether as a result of new information, future events or otherwise. Additionally, Piedmont, except as required by applicable law, undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Piedmont, its financial or operating results or its securities.